Monopolistic third-degree price discrimination under vertical product differentiation |
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| Authors: | Xuan Nguyen |
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| Institution: | Deakin Graduate School of Business, Faculty of Business and Law, Deakin University, 221 Burwood Highway, Burwood VIC 3125, Australia |
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| Abstract: | This paper shows in a vertical product differentiation model with variable costs of quality that monopolistic third-degree price discrimination always reduces welfare regardless of whether the quality is fixed or is endogenous. The results provide rich implications for antitrust policy. |
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| Keywords: | D42 L12 |
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